Welcome to our dedicated page for International Mny Express news (Ticker: IMXI), a resource for investors and traders seeking the latest updates and insights on International Mny Express stock.
International Money Express Inc (IMXI) delivers essential financial connectivity through its cross-border remittance services. This news hub provides investors and stakeholders with timely updates on corporate developments shaping the money transfer industry.
Access official press releases and market analyses covering quarterly earnings, strategic partnerships, and service expansions. Our curated collection helps you monitor IMXI's operational milestones in key Latin American corridors and evolving digital payment solutions.
Discover updates on regulatory compliance initiatives, technology enhancements to IMXI's omnichannel platform, and leadership announcements impacting the company's growth trajectory. Bookmark this page for streamlined access to verified information supporting your financial research needs.
International Money Express, Inc. (NASDAQ: IMXI) has announced an amendment to its revolving credit facility, increasing the maximum borrowing amount from $150 million to $220 million. The new terms and interest rates remain unchanged, with the facility set to mature in 2026.
Additionally, the amendment introduces an uncommitted incremental capacity of $70 million, available for future borrowing. The CFO, Andras Bende, stated that this financial flexibility could support organic growth and potential mergers and acquisitions, as well as facilitate opportunistic share buybacks.
Intermex operates a network for money remittance across more than 60 countries, using proprietary technology since its inception in 1994.
International Money Express, Inc. (NASDAQ: IMXI) will announce its First Quarter 2023 earnings on May 4, 2023, before market opening. The company will also host a conference call at 9:00 am ET on the same day to discuss financial and operational results. Investors can access the call by dialing 1-877-210-0456 for domestic or 1-212-231-2914 for international inquiries, or via a webcast. An audio replay will be available until May 18, 2023. Founded in 1994, Intermex provides money transfer services from the U.S., Canada, and Europe to over 60 countries, utilizing a network of agents, stores, a mobile app, and online services.
Intermex expands into the European remittance market
On April 5, 2023, International Money Express (NASDAQ: IMXI) announced the acquisition of LAN Holdings, Corp., which includes I-Transfer Global Payments, a Spain-based money transmitter. This acquisition enables Intermex to offer outbound remittances from Spain, Italy, and Germany for the first time, enhancing its presence in Canada and expanding its global footprint to over 60 countries.
Intermex paid $8.6 million for the acquisition, emphasizing its commitment to profitable growth and superior service for customers and partners.
International Money Express (NASDAQ: IMXI) announced significant growth in key financial metrics for Q4 and full-year 2022. Revenues soared to $154.4 million, a 21.4% increase year-over-year, while net income slightly decreased by 0.5% to $13.1 million. Adjusted net income rose 10.4% to $17.6 million, reflecting strong operational performance. The company reported a record 13.7 million transactions, a 23% increase, contributing to a principal transfer amount of $5.8 billion, securing a 22% market share in key Latin American markets. For 2023, Intermex expects revenues to rise between 22% and 26%.
International Money Express, Inc. (NASDAQ: IMXI) will release its Fourth Quarter 2022 earnings on March 8, 2023, before trading begins. Management will host a conference call at 9:00 am ET to discuss the financial and operational results. Interested participants can join by dialing 1-844-826-3033 domestically or 1-412-317-5185 internationally, or via webcast. An audio replay will be available from 12:00 pm ET on March 8 until March 22, 2023. Founded in 1994, Intermex facilitates money transfers to 16 Latin American countries, eight African countries, and two Asian countries through various channels.
International Money Express, Inc. (NASDAQ: IMXI) announced significant executive leadership changes to bolster its operations and innovation. Christopher Hunt, previously Chief Information Officer, is now acting Chief Operating Officer, retaining technology oversight while taking on product development and operations. Joseph Aguilar, former Chief Operating Officer, transitions to President and General Manager for Latin America, focusing on operations in Mexico and Guatemala. Chairman and CEO Bob Lisy expressed confidence in these appointments, believing they will enhance efficiency and shareholder value.
International Money Express (NASDAQ: IMXI) announced its participation at the 25th Anniversary ICR Conference in Orlando, FL, on January 10, 2023, at 3:30 p.m. ET. The presentation will feature comments from Chief Financial Officer Andras Bende. Interested investors can access the event via a webcast at here, with an archived version available post-event.
Founded in 1994, Intermex specializes in remittance services, allowing money transfers to 18 Latin American and Caribbean countries, plus others in Africa, Asia, and Europe.
